Question: US Crypto Policy & Bill Miller’s View on Ethereum/Solana vs. Bitcoin

Given recent changes in US crypto policy, I’m curious about Bill Miller’s take that blockchains like Ethereum and Solana are effectively "grandfathered in" under US regulations.

He seems to be implying that over time, the policy will favor more centralized blockchain models—maybe at the expense of decentralized platforms like Ethereum.

Does this mean BTC and other more centralized or regulation-friendly coins will have a long-term advantage?

For context, I’m invested in ETH-USD and a noob to crypto. Flame me for learning!